MEXC Ventures Launches $300 Million Fund for Blockchain Innovation

MEXC Ventures, the investment arm of the global cryptocurrency exchange mexc, has announced a $300 million Ecosystem Development Fund aimed at accelerating blockchain innovation and ecosystem growth over the next five years. The initiative was officially unveiled at the Token2049 event in Dubai on April 30, coinciding with MEXC’s 7th anniversary. This move signifies MEXC’s evolution from a trading platform to a comprehensive Web3 ecosystem builder.

The new fund represents a strategic shift for MEXC, transitioning from a user-focused exchange to a foundational force in blockchain infrastructure. MEXC plans to support early-stage technologies, public chains, wallets, and other decentralized tools that drive the future of Web3. This initiative aims to foster long-term value across the entire crypto landscape by providing support beyond capital, including investment and cooperation linkage models that connect various businesses within the broader MEXC ecosystem.

Tracy Jin, COO of MEXC exchange, commented on the upcoming announcement, stating, “We see this commitment as an opportunity to position MEXC well above its perceived place in the industry as an exchange service. We can and intend to offer much more through this investment, driving businesses and users to our ecosystem with a value offering built on best practices. Our ultimate vision is to transition from a trading venue to an ecosystem platform that will cater to all the needs of crypto industry participants in unique, innovative, and attractive ways.”

The Ecosystem Development Fund will focus on the development of public chains, stablecoins, wallets, and media platforms as part of the MEXC ecosystem. Comprehensive selection criteria will be announced for projects interested in joining the new initiative. This development will allow projects to attract investments and attain visibility, thus advancing their integration across industry services. This will, in turn, give users access to new services, enhancing their overall experience and building trust. Greater integration and cooperation between businesses, projects, and users will ultimately positively impact the industry as a whole, advancing innovation and promoting adoption across different markets and regions.

Existing initiatives within the MEXC ecosystem include Ethena, a leading innovator in the stablecoin space. MEXC has made a strategic investment of $16 million in Ethena and has also purchased $20 million worth of USDe, Ethena’s synthetic dollar. In collaboration with Ethena, MEXC launched several joint campaigns that have gained significant traction in recent weeks, driving strong user engagement. Such results indicate strong support for the products on the part of users, as well as demand from a liquidity standpoint. MEXC had recently invested in Ethena and launched a number of joint campaigns focused on expanding the use of public chains, wallets, and media platforms.

MEXC is determined to elevate the positioning of the platform beyond its perceived status as a trading venue to its full potential as an industry ecosystem element. Such a transition is aimed at building greater value for users and making the crypto environment more attractive to both businesses and investments. MEXC invites all projects in the crypto space to join its latest initiative.

MEXC Ventures is a comprehensive fund dedicated to driving innovation in the cryptocurrency sector through investments in L1/L2 ecosystems, strategic investments, M&A, and incubation. Upholding the principle of “Empowering Growth Through Synergy,” MEXC Ventures is committed to supporting innovative ideas and active builders. MEXC Ventures is an investor and supporter of TON and Aptos, and looks forward to staying at the forefront of TON and Aptos innovations while actively engaging with builders to drive ecosystem growth.